Up to 26.5g/t gold in rock samples, are very encouraging14 Sep 2021 15:56
High-impact drilling in just two months from option exercise, which is quite a remarkable acheivement."
HIGHLIGHTS
· The second batch of samples, including 49 rock and 380 soil samples, were collected and sent for laboratory fire assay testing for gold in Perth, Australia.
· Results have confirmed a large scale gold-in-soil anomaly with coincident high-grade rock assay results up to 26.5g/t gold.
· Soil sample assay results returned up to 1,614 parts per billion ("ppb") gold ("Au"), including 10 soil samples that returned >75ppb gold, representing an extremely high-tenor result.
· Overall, the results encountered confirm a large scale gold-in-soil anomaly further providing support for the company's accelerated exploration on the Project.
· Phase II exploration, which was launched on August 26 2021, continues at pace and is focused on delineation of targets for drill testing, which is expected to commence by the end of September 2021.
Figure 1, which highlights the soil and rock results analysed by fire assay for gold from the Phase I programme can be viewed on the Company's website through the following link:
https://www.powermetalresources.com/sikukwe-zone-soil-rock-results/
Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:
"The Tati Project in Botswana continues to deliver, with the multiple large scale nickel and arsenic-in-soil anomalies announced on 19 August 2021, and now followed up with the confirmation of a large scale gold-in-soil anomaly confirmed at the Sikukwe Zone from gold fire assay testing.
The new results, including up to 26.5g/t gold in rock samples, are very encouraging and the team are increasingly thrilled with the findings to date and the exploration potential offered by the Tati Project.
Since Power Metal exercised its option to acquire the Tati Project in July, we have conducted extensive accelerated exploration on the ground and that work continues today, as we vector in on targets for drill testing expected to commence later this month.
Our thanks go to the ground operational teams and those withwhom we are working in Botswana for moving the Project to the cusp of potentially high-impact drilling in just two months from option exercise, which is quite a remarkable acheivement."
Continue with the link..
https://www.investegate.co.uk/power-metal--pow-/rns/tati-project---large-scale-gold-anomaly-confirmed/202109140700086400L/